🐶 Shiba Inu Nears Another Weekly Market Cycle

Shiba Inu ($SHIB) is gearing up for another weekly market cycle! The meme coin follows a pattern of spiking trading volume at the start of each week, which then gradually decreases. This reset aligns perfectly with SHIB’s trading dynamics. 📈

☄️Current Market Performance

SHIB is currently trading at $0.00002446 and has maintained its position above the 50-day Exponential Moving Average (EMA), a bullish sign for the market! 🐂

🔍 On-Chain Data Insights

- Profitability: 60% of holders are in profit, 4% at breakeven, and 35% are at a loss. 💰
- Whale Concentration: 73% of SHIB tokens are held by whales, indicating their strong influence on price movements. 🐋
- Large Transactions: Last week saw transactions over $100,000 totaling $635.45 million, showcasing heavy activity from big players. 💸

📊 Market Sentiment

- On-Chain Signals: Positive network growth at 0.32% signals new participants joining. Large transactions show a 3.95% bullish signal. ✅
- Exchange Signals: Smart price remains stable, with a bid-ask volume imbalance at -0.53%, showing a balance between demand and supply. ⚫️

In summary, Shiba Inu’s weekly trading pattern and positive market indicators reflect strong sentiment. With whales holding a significant portion and high-value transactions booming, the outlook for SHIB remains bullish! 🌟

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☄️Unveiling Polygon's AggLayer: Insights from Co-founder Brendan Farmer

💬Key Points:

📣Implementation Timeline: AggLayer is expected to launch in Q3.

🛡Latency and Security: AggLayer addresses the issue of fragmentation in Ethereum layer 2s by allowing low-latency, secure cross-chain transactions using a shared bridge.

🎮Future Use Cases: AggLayer aims to lower costs and scale for large DeFi user bases, allowing different VMs to remain composable.

🔜Interest in ZK Technology: Farmer's interest in zero-knowledge technology stems from his background in math and cryptography, aiming to enhance financial privacy.

The dialogue highlights the technical advancements and strategic vision behind AggLayer, emphasizing its potential to revolutionize blockchain interoperability and scalability.

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🤥 A user faced losses amounting to $6.91 million due to a phishing attack, during which scammers used a fake permission to access his crypto wallet.

It's interesting to note that in 2023, he had already lost $638,000 due to similar phishing.

#scam

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⚪️ According to options market data, Bloomberg analysts forecast an increase in the Ethereum price to over 5000 dollars.

#Ethereum

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💰 BTC ETF funds and Satoshi Nakamoto's wallets - equalized

🔷 All 32 spot Bitcoin ETFs combined hold the same amount of #BTC as Satoshi Nakamoto.

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While we are sleeping they are manipulating bitcoin😕 😣

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🐦 How many Bitcoins do the funds have?


🟠Currently, ETF funds own more than 1 million BTC, which is about 5% of the supply of ~19.7 million total.

🖤11 American BTC ETFs have accumulated 855,619 BTC since launch, which is an average of 6,200 bitcoins per day.

👨‍💻Thus, the total number of BTC held by the funds is 1 million, worth $68 billion.

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👮 The bankrupt exchange Mt.Gox has moved $8.7 billion in bitcoins

The cryptocurrency exchange Mt.Gox, which went bankrupt back in 2014, has begun to actively move bitcoins. According to analysts at Arkham, for the first time in the last 5 years, the platform has moved over 128,000 BTC 💰 (worth approximately $8.7 billion) from its cold wallet.

This movement of coins has caused an exclusively negative reaction from market participants, with strong fears of a sell-off arising.

It is worth noting that the Arkham-tracked wallets of the exchange hold a total of 137,892 BTC ($9.35 billion). Mt.Gox is expected to distribute the assets by October 31.

#scam

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💥 CryptoQuant analysts claim that the bull market has not ended yet.

Comparing the current MVRV indicator with previous bull markets, where it reached values of 4.83 and 3.97, it now stands at 2.78, which is not yet a sign of revaluation.

This may indicate the possibility of further growth.

Experts believe that a sharp rise in prices is likely to occur as early as June.

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👍 Meme coins are taking the lead

📈 #PEPE, #DOGE, #BONK, #WIF occupy 4 out of 10 leading positions by open interest.

#meme

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☄️George Soros has about $ 135 million invested in Microstrategy shares.

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🤯 Another 34.138 BTC (approximately $2.3 billion) was transferred from the Mt.Gox wallet to an unknown address.

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🐦 NOTCOIN against the market

💎 NOTCOIN reached a market capitalization of $1 billion after launching "earnings missions," which allow users to passively earn NOT tokens by completing tasks.

🚀 The token's price increased by 52% in a day and by 76% in a week.

🗣The launch of missions significantly increased the trading volume and market capitalization of the token, moving it into the top-100 assets by market capitalization.

#NOTCOIN

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🌚 MoonPay has launched a new Web3 Tools platform for brands exploring the crypto industry

🟢 The platform includes authentication, KYC, tokenization, ticketing, and analytics.
🟢 Among the first users are Adidas, Gucci, Puma, and Mastercard.
🟢 MoonPay is backed by venture capital firms such as Tiger Global and Paradigm.

#Web3

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🧬 Solana validators will now receive 100% of revenue from priority user transactions, instead of the previous 50%, and the remainder of the previously burned funds will be paid to them.

Priority fees are an additional fee from users for processing their transactions out of turn, similar to MEW transactions on the Ethereum network.

The SIMD-0096 proposal has received 77% support and it is expected that this update will be implemented on the main network in the next few months.

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